Interactive Brokers(Ibkr) Financials: Payables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - payables turnover
This chart shows the historical trend of payables turnover for IBKR compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Payables Turnover
Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.
Interpretation:
• In '2021', IBKR's payables turnover was 0.01, indicating how promptly the company pays its suppliers. Industry average for Investment Bankers/Brokers/Service in '2021' stood at 1.53.
• In '2022', IBKR's payables turnover was 0.01, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2022' stood at 1.91. Industry average increased by 0.39 compared to previous year.
• In '2023', IBKR's payables turnover was 0.01, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2023' stood at 1.99. Industry average increased by 0.08 compared to previous year.
• In '2024', IBKR's payables turnover was 0.01, indicating how promptly the company pays its suppliers. The figure remained stable compared to '2023'. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 2.24. Industry average increased by 0.25 compared to previous year.
Overall, IBKR's payables turnover has remained generally stable over the past 4 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.